The Science and Economics of Energy: Learning about Solar Energy.

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Presentation transcript:

The Science and Economics of Energy: Learning about Solar Energy

Some Interesting Diagrams Source: U.S. Energy Information Administration / Annual Energy Review 2010 Pay attention to units

Primary Energy Production By Source

Energy Flow U.S. Energy Information Administration / Annual Energy Review 2010

Oil: Price

Petroleum

Petroleum Consumption

Coal: Price

Natural Gas: Price

Natural Gas: Benefits More abundant than oil Burns cleaner than coal or oil in terms of NO2 and SO2 Releases less carbon than oil or coal

CO2 Emissions

Renewable Energy

Renewable Energies Benefits: Less polluting Costs: Unproven technologies on a large scale

Why is Energy So Important? An activity Groups of three You will get a card Supply or demand for the good changes Will price increase or decrease?

Markets Interact #1 Oil

Markets Interact #1 Oil #2 Diesel Fuel

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #5 Heating Oil

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #5 Heating Oil #6 Gasoline

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #5 Heating Oil #6 Gasoline

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #5 Heating Oil #9 Natural Gas #6 Gasoline

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #5 Heating Oil #9 Natural Gas #10 Electricity #6 Gasoline

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #8 Batteries #5 Heating Oil #9 Natural Gas #10 Electricity #6 Gasoline

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #8 Batteries #5 Heating Oil #9 Natural Gas #10 Electricity #11 Turbines #6 Gasoline

Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #8 Batteries #5 Heating Oil #9 Natural Gas #10 Electricity #11 Turbines #12 LED Bulbs #6 Gasoline

Economics Behind Energy Technology Economies of Scale Supply Energy is an input to every good Where will we get our power from in 20 years?

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